The CEO of WazirX shared an FBI report on the DMM Bitcoin hacking incident and indirectly claimed that WazirX faced a similar situation in the cyberattack.
WazirX was a top-notch crypto trading exchange in Indian jurisdiction, but unfortunately, this exchange faced a hacking incident 5 months ago and lost almost half of customer funds. Until the date of the cyberattack, the exchange suspended all types of crypto services and currently, its leadership is working to obtain regulatory approval to restart the exchange again with an alternative approach.
In the latest development, WazirX CEO Nischal Shetty responded to the DMM Bitcoin hacking incident and noted that the FBI report confirmed that the hacking incident occurred because hackers successfully attacked the wallet provider’s system. external.
Addressing this situation, Nischal indirectly said that WazirX also faced a similar incident, where the unknown hacker attacked the third-party crypto wallet custody service provider, but all the blame was placed on the WazirX exchange.
Despite this information, the CEO of WazirX faced criticism from WazirX customers. Most WazirX clients, who are eagerly waiting for the exchange to release client funds, asked Nischal to distribute the funds as soon as possible. Nischal responded and said it would depend on the “order” of the creditors; If all WazirX creditors (customers) vote in favor of the restructuring plan, then the WazirX team will be able to proceed with the plan.
WazirX restructuring plan controversy
In the initial phase, when WazirX leadership proposed a restructuring plan for the WazirX platform, most people supported it, but later, many crypto influencers noted that the intention of the Exchange was only to create a favorable situation for the benefit of the company, not customers.
Many WazirX customers call the restructuring plan a “scam.” Now, it will be interesting to see how the difficult situation will end for the clients and for the WazirX exchange, and the clients will be able to recover their funds.
Also Read: $Doge Rival Shiba Inu ($SHIB) Metaverse Project Now Available This Christmas
